Considering the current mortgage rate of around 6.41% in September 2025, and knowing that rates were half as much 10-15 years ago, it’s becoming increasingly hard to convince anyone that buying a ...

Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.32%. For 20-year mortgage refinances, ...

The rate on a 30-year fixed refinance decreased to 6.42% today, according to the Mortgage Research Center. Rates averaged ...

You can refinance a home equity and, with rates currently in decline, now might be a good time to do it. Refinancing a home ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Refinancing a home can be a very smart financial move for many homeowners looking to lessen the burden of paying a loan. It involves replacing your current mortgage with a new one that has favorable ...

Rose Krieger, senior home loan specialist at Churchill Mortgage, explains that when refinancing, you want to factor in a break-even point, which is where you take the cost of the refinance and ...

It can make sense to refinance your home equity loan as interest rates decline, but only in certain circumstances.

If you’re evaluating your long-term financial health, it might be worth considering the reasons to refinance your home. Homeowners, having a lower interest rate and a more affordable monthly payment ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Refinancing your mortgage can free up cash by lowering your monthly payments or save you money in the long run with a lower interest rate. However, finding an advantageous refinancing option can be ...

Refinancing a home equity loan can lower monthly payments and lengthen or shorten your loan term. Drawbacks to refinancing a home equity loan include prepayment penalties and closing costs.